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Source link: http://archive.mises.org/1124/trickle-down/

Trickle Down

November 19, 2003 by

Here and elsewhere, the economic policy of laissez-faire is described as “trickle-down” theory. One way to turn the tables on this old canard is to describe the welfare state as based on a “trickle down” theory. Vast amounts of tax revenue are transferred to a gigantic, swollen, wealthy, bureaucratic, inefficient, monolithic state in the naive hope that enough of this revenue will trickle down to the poor and needy.

Posted by Roderick T. Long

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